How to Avoid Foreclosure in Louisville

While the housing market is rebounding, many people in Louisville] are still struggling to make their mortgage payments.

If you’re underwater on your home, or having trouble keeping up with your monthly mortgage payments, you could be fearful that your mortgage provider is going to foreclose.

Thankfully, there are a number of things that you can do to avoid foreclosure in Louisville. It’s important to remember that moving quickly is absolutely paramount, and could save your credit rating and your home.

So lets dive in on a couple quick tips on possibly how to avoid foreclosure in Louisville with your home.

The Keys of How To Avoid Foreclosure in Louisville Don’t Abandon Ship

Many people simply give up and walk away from their home. There are even areas of Louisville have begun to resemble ghost towns, as the economy has impacted residents significantly.

Detroit is a prime example of what can happen when people abandon their homes.

This can be stressful situation, but it’s extremely important to keep your wits about you. A foreclosure will have a huge negative impact on your credit score, and likely prevent you from purchasing a home for years to come. If you sell your home, you could leave a portion of the loan unpaid, and the lender could pursue legal action against your for the unpaid portion.

While it’s extremely stressful, you do have options:

• Negotiate with your mortgage lender. Banks and other financial institutions are well aware that citizens of Louisville are struggling. If you haven’t missed a payment yet, you may have some leverage to renegotiate the terms of your loan. Banks don’t like foreclosing on homes, and many will work with you if you aren’t too far behind. You may be offered forbearance, or even a full loan modification.

• Ask for help from Uncle Sam. Over the last five years, the federal government has implemented a number of programs to help struggling homeowners. The Home Affordable Modification Program (HAMP) allows struggling homeowners to modify their loans, reducing monthly payments. The Home Affordable Refinance Program allows homeowners who are current on their mortgage payments refinance an adjustable rate mortgage into a low-interest, fixed rate loan. Both of these programs are subject to eligibility requirements.

We understand that the possibility of losing your home can be stressful. You aren’t alone. Citizens all over Louisville are going through the same troubles. Foreclosure can have a lasting effect on your financial life, and it’s important to move quickly and take advantage of any options available. You could save both your credit rating and remain in your home.

We may be able to help you avoid foreclosure… connect with us today and lets discuss your situation. We don’t charge any fees… we’ll evaluate your situation… and present you your options so you can move forward and get this foreclosure behind you.

"Nearly 4 million Americans are more than 60 days behind on their mortgage, and countless others are only a paycheck away from missing a mortgage payment. You're not alone. " That's why we're here, to help home owners like you when you need it most.

"Quite often investors are willing to pay cash for a home and with the recent tightening of financial restrictions, coupled with the growing number of complaints about low appraisals, having a cash buyer has become even more appealing."

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Fred Helm, Broker and Investor

Hi, my name is Fred Helm and I live in the River City with my wife and three children. I have lived in the Louisville area my entire life. I have been buying & selling real estate for almost 10 years. Over that period I have worked with hundreds of sellers and understand that each seller who contacts us has a unique circumstance. I also have strategic partnerships with other investors and together we can give you the best offer possible. We use our decades of experience to provide a better way for homeowners to sell their homes. Make the process dramatically more efficient and make it hassle-free

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Rent To Own refers to properties for sale with lease-option financing. This site does not charge for rental listings and is not a Pre Paid listing Service as defined by California Business and Professions Code 10167. Terms of credit during rental period dependent on agreement with homeowner. Terms of credit may affect ability to qualify for home loan at end of lease period. We are a real estate solutions and investment firm that specializes in helping homeowners get rid of burdensome houses fast. I am a Realtor and I buy houses for investment purposes. We are investors and problem solvers who can buy your house fast with a fair all cash offer. Landmark Real Estate Services LLC is a licensed real estate company in Kentucky. The Principal Broker is Fred Helm. Our address is 1939 Goldsmith Ln #239, Louisville, KY 40218. Our main phone number is: 502-509-5731.